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An Approach To Fraud Risk Management

Author

Listed:
  • Monica PUIU

    (Doctoral School of Economic and Business Administration, Alexandru Ioan Cuza University Iasi)

Abstract

Nowadays, globalisation and business internalisation have led to an increased number of frauds in organisations worldwide. The most affected are the multinational corporations because of the geographical distance, different fiscal systems and local factors that consist in tremendous opportunities for employees and/or managers to involve in fraud schemes. Starting from recent studies and prior efforts of international organisations or countries to stop fraud by imposing regulations to be respected for the economic environment, the purpose of the paper is finding the key factors for detecting and preventing fraud in the organisations. In our approach we use several proposals for a conceptual framework developed by two companies of “The big four”, KPMG and Deloitte. The results indicate that for the number of fraud to decrease, any organisation needs to develop and implement a strong anti-fraud plan, by covering all logical steps to be made in this matter.

Suggested Citation

  • Monica PUIU, 2014. "An Approach To Fraud Risk Management," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 5, pages 65-72, November.
    • Handle: RePEc:cmj:seapas:y:2014:i:5:p:65-72
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    More about this item

    Keywords

    Antifraud plan; Risk management; Antifraud organisational culture;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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